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Vardhman Textiles’ Q4FY16 consolidated net profit rises 46 per cent y-o-y

Vardhman Textiles, major integrated textile producer in India, reported consolidated net profit of Rs. 159.44 crore for the quarter ended March 31, 2016, registering growth of 45.91 per cent y-o-y and 7.77 per cent q-o-q. The company’s consolidated revenue stood at Rs. 1,702.68 crore, down 0.75 per cent y-o-y and 1.03 per cent q-o-q.

The company’s consolidated core operating profit of Rs. 382.37 crore for the quarter, clocked growth of 8.57 per cent y-o-y and 8.96 per cent q-o-q. Operating profit margin for the current quarter at 22.46 per cent expanded by 193 bps y-o-y and 206 bps q-o-q.

The company reported consolidated net profit of Rs. 578.65 crore, growing by 44.59 per cent y-o-y for the year ended March 31, 2016. Its consolidated revenue for the period stood at Rs. 6,723.27 crore, registering decline of 3.29 per cent y-o-y.

Meanwhile, Vardhman Textiles' core operating profit stood at Rs. 1,401.81 crore, recording growth of 9.17 per cent y-o-y. Operating margin for the current period at 21.17 per cent expanded by 458 bps y-o-y.

On standalone basis, Vardhman Textiles Ltd, reported a net profit of Rs. 217.49 crore for the quarter ended March 31, 2016, registering growth of 141.12 per cent y-o-y and 69.5 per cent q-o-q. The company’s standalone revenue stood at Rs. 1,435.40 crore, down 0.92 per cent y-o-y and 0.65 per cent q-o-q.

 
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